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The addition has a fair market value of 33000 how much

Question - Ricky has rented a house from Sarah since last year. The rent is usually $900 per month, but Sarah reduced the monthly rent down to $800 for all twelve months this year in exchange for Ricky constructing an addition to the house. The addition has a fair market value of $33,000. How much total rental income must Sarah report this year?

$9,600

$33,000

$42,600

$43,800

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Accounting Basics: The addition has a fair market value of 33000 how much

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Accounting Basics: The addition has a fair market value of 33000 how much

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